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IN BRIEF: Insig AI draws down GBP100,000 from chair's loan facility

12th Oct 2022 12:47

Insig AI PLC - London-based data science and machine learning - Draws down first tranche of GBP100,000 from its convertible loan facility agreements with Chair Richard Bernstein. After this, GBP650,000 remains available. The GBP750,000 loan agreement was announced in September, to help solve Insig's short-term working capital needs. The facility is in addition to the GBP1.0 million one previously provided by Bernstein that was announced back in May.

Current stock price: 27.70 pence

12-month change: down 50%

By Sophie Rose; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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